CIBC SEC Filings

Canadian Imperial Bank of Commerce (CM) – 5.00% Callable Senior Notes due 2032

The preliminary pricing supplement (Form 424B2) details CIBC’s plan to issue an unspecified aggregate principal amount of senior unsecured Global Medium-Term Notes with a 5.00% fixed coupon, payable semi-annually on January 14 and July 14, beginning January 14 2026. The notes mature on July 14 2032, providing a maximum seven-year term unless the bank exercises its annual call feature.

Key structural terms

• CUSIP/ISIN: 13607XY35 / US13607XY355
• Denomination: US $1,000 minimum and integral multiples thereof
• Interest: 5.00% per annum; 30/360 day-count; accrues from July 14 2025
• Optional redemption: Callable at par plus accrued interest each July 14 from 2027 through 2031 (notice 2-20 business days prior)
• Issue price: Up to 100% of par; fee-based advisory accounts may pay as low as 98.5%
• Underwriting discount: Up to 1.50% (US $15 per US $1,000); net proceeds at least 98.5%
• Listing: None; DTC book-entry delivery expected July 14 2025

Risk considerations

• The notes are senior unsecured obligations of CIBC and are subject to the bank’s credit risk; they are not insured by CDIC or FDIC.
• They qualify as bail-inable debt; under Canada’s CDIC Act they may be converted into common shares or written down, potentially without investor consent.
• The issuer’s call option introduces reinvestment risk; investors face the possibility of early redemption after two years of coupon payments.

Use of proceeds, covenants and financial metrics are not disclosed in the excerpt; investors should review the base prospectus for additional details.

The offering is routine funding activity for a large Canadian bank, but the bail-in language and call schedule are material structural features investors must weigh against the 5.00% fixed return.

Canadian Imperial Bank of Commerce (CIBC) is offering senior, unsecured Global Medium-Term Notes with a fixed coupon of 5.40% and a final maturity on July 11, 2035. The securities, issued under the bank’s shelf registration statement (File No. 333-272447) and described in this preliminary pricing supplement (Form 424B2), will be sold in minimum denominations of $1,000 and integral multiples thereof. Interest is paid semi-annually on January 11 and July 11, beginning January 11, 2026.

Issuer call feature: CIBC may redeem the Notes in whole, but not in part, at par (100% of principal) plus accrued interest on any July 11 interest payment date from 2027 through 2034. If not called, investors receive par plus accrued interest at maturity.

Pricing & distribution: Price to public is $1,000 per Note; certain fee-based accounts may pay as little as $980. CIBC World Markets Corp. will act as agent and receive a commission of up to 2.00% ($20 per $1,000). Net proceeds to CIBC are at least $980 per note. Settlement is expected on or about July 11, 2025 through DTC book-entry.

Risk considerations:

• The Notes are unsecured obligations subject to CIBC’s credit risk and are not insured by CDIC, FDIC, or any other agency.
• They are designated “bail-inable” under the Canada Deposit Insurance Corporation Act, meaning they may be converted into equity or written down if the bank becomes non-viable.
• The annual call option exposes investors to reinvestment risk if rates decline.
• The Notes will not be listed on any exchange, potentially reducing liquidity.

Investors should review the Additional Risk Factors in this supplement and the accompanying prospectus before investing.

Canadian Imperial Bank of Commerce (CIBC) has filed a prospectus supplement for Trigger Step Securities linked to an equity index basket due July 1, 2030. The securities offer exposure to a weighted basket of the S&P 500 Index (60%) and EURO STOXX 50 Index (40%).

Key features include:

• Principal amount: Minimum investment of $1,000 in $10 denominations
• Step Return: Between 46.00% and 49.10% if basket value meets threshold
• Contingent Protection: Full principal returned if final basket value is above 75% of starting value
• Risk: Investors face full downside exposure if basket falls below 75% threshold

The initial estimated value is expected to be between $9.526 and $9.853 per $10 principal amount. These securities are not CDIC insured and carry significant risks, including potential loss of principal. The securities will not be listed on any exchange and are subject to CIBC's creditworthiness.

Canadian Imperial Bank of Commerce has issued $10.95 million in Autocallable Barrier Notes linked to the worst-performing of the S&P 500 Index, S&P 500 Equal Weight Index, and SPDR Dow Jones Industrial Average ETF, due June 27, 2030.

Key features include:

• Automatic Call Feature: Notes will be called if the worst-performing underlying meets/exceeds call value (100%) on annual observation dates from 2026-2029
• Call Premium Rate: 9.75% per annum
• Barrier Protection: 75% of initial value
• Principal Risk: Full principal at risk if worst-performing underlying falls below barrier value at maturity
• Initial Values: SPX (5,967.84), SPW (7,179.75), DIA ($421.76)

Notes are unsecured obligations with $1,000 minimum denominations. Initial estimated value is $973.00 per $1,000 principal, below the public offering price. Not FDIC insured or listed on any securities exchange.

Canadian Imperial Bank of Commerce (CM) has filed a preliminary Rule 424(b)(2) Pricing Supplement for a new structured product: Capped Leveraged Buffered MSCI EAFE® Index-Linked Notes. The zero-coupon notes will mature roughly 18-21 months after trade date and link repayment to the MSCI EAFE® Index.

Key Economic Terms

• Upside participation: 250% of index gain.
• Capped payout: $1,142–$1,167 per $1,000 principal (≈14.2%–16.7% max return).
• Downside buffer: first 12.5% of index loss protected; losses beyond buffer amplified by ≈1.1429×, exposing investors to full principal loss.
• No periodic interest; single payment at maturity.
• Estimated value: $967.90–$987.90, below issue price, reflecting dealer margin & hedging costs.

The notes are unsecured, subject to CIBC credit risk, not deposit-insured, not bail-inable and will not be exchange-listed, limiting liquidity. Initial price to public is 100% with no agent commission; proceeds support general corporate purposes. SEC registration is effective, but the supplement remains preliminary pending final terms.

Canadian Imperial Bank of Commerce (CM) has filed a Rule 424(b)(2) preliminary pricing supplement for the issuance of senior unsecured Autocallable Barrier Notes linked to the worst performer among three U.S. equity benchmarks: the S&P 500 Index (SPX), the S&P 500 Equal Weight Index (SPW) and the SPDR Dow Jones Industrial Average ETF Trust (DIA).

Key structural terms

• Principal amount: US $1,000 per note; minimum denomination US $1,000.
• Tenor: ~5 years, maturing 27 Jun 2030 unless earlier called.
• Call feature: Beginning 23 Jun 2026, the notes are automatically redeemed if the closing value of the worst-performing underlying on any annual observation date is ≥ its Call Value (percentage to be set on trade date). Upon call, investors receive par plus a 9.75 % p.a. call premium.
• Barrier at maturity: 75 % of initial value. If final value of the worst performer is ≥ barrier, holders receive par plus the final call premium; if below, repayment equals par × (1 + percentage change), exposing investors to downside similar to direct equity loss.
• Issue price / commissions: Public offering price US $1,000; underwriting discount up to US $3 (0.30 %). Certain fee-based accounts may pay US $997–US $1,000.
• Initial estimated value: US $962.10 – US $982.10 per US $1,000, below the issue price, reflecting embedded dealer compensation and hedging costs.
• Listing: None; secondary market trading likely limited.

Risk highlights

• Unsecured, senior obligations of CIBC, subject to the Bank’s credit risk; not deposit-insured or bail-in-able.
• Investors may lose some or all principal if the worst-performing underlying breaches the barrier at maturity.
• Estimated value below issue price creates an initial value drag for investors.
• Lack of listing limits liquidity; market value will fluctuate with underlying performance, interest rates and CIBC’s credit spreads.

Settlement is expected on 26 Jun 2025 through DTC, with CIBC World Markets Corp. acting as agent. The filing directs investors to review additional risk factors in the accompanying prospectus and supplements.

Canadian Imperial Bank of Commerce (CIBC) filed a Rule 424(b)(2) pricing supplement covering the issuance of $14.0 million aggregate principal of 5.00% Senior Global Medium-Term Callable Notes due 24-Dec-2030 (CUSIP 13607XXU6; ISIN US13607XXU61).

Key terms

• Coupon: Fixed 5.00% paid semi-annually on 24-Jun and 24-Dec, first payment 24-Dec-2025.
• Optional call: CIBC may redeem the notes in whole each 24-Jun from 2027 through 2030 at 100% of principal plus accrued interest.
• Denominations: $1,000 minimum, integral multiples of $1,000.
• Distribution: Notes sold at $1,000 par; investors in certain fee-based accounts pay $993.00.
• Underwriting: CIBC World Markets Corp. earns a 0.70% ($7.00 per $1,000) commission; net proceeds to CIBC $13.902 million.
• Settlement: Book-entry via DTC on 24-Jun-2025.

Risk considerations

• The notes are unsecured and unsubordinated, ranking pari passu with other senior debt of CIBC.
• They are bail-inable; under Canada Deposit Insurance Corporation Act s.39.2(2.3) they may be converted to equity, varied or extinguished in a resolution scenario.
• No deposit insurance protection (CDIC or FDIC) and no stock-exchange listing, limiting liquidity.

Regulatory status: The SEC has not approved or disapproved the notes; any representation to the contrary is a criminal offense.

This is a modest-sized financing relative to CIBC’s balance sheet and represents routine funding activity rather than a material corporate event. Investors primarily concerned with coupon income must weigh call risk and potential bail-in conversion.

Canadian Imperial Bank of Commerce (CIBC) is offering 475,747 units of Autocallable Strategic Accelerated Redemption Securities linked to the VanEck® Gold Miners ETF (GDX). Each note has a $10 face value, settles on 25-Jun-2025 and matures 30-Jun-2028, unless automatically called earlier.

Automatic call feature: If on any Observation Date (18-Jun-2026, 17-Jun-2027, 23-Jun-2028) the ETF closes at or above the Starting Value of 53.51, the note is redeemed for the applicable Call Amount: $12.051 (-1 yr, +20.51%), $14.102 (-2 yr, +41.02%) or $16.153 (-3 yr, +61.53%).

Downside exposure: If the note is not called and the Ending Value is below 53.51, investors incur a 1-to-1 loss on the principal with up to 100% at risk. There is no periodic coupon, dividend entitlement, or principal protection.

Pricing economics: Public offering price is $10.00 per unit; underwriting discount is $0.20 and hedging charge $0.05, leaving $9.80 in proceeds to CIBC. The initial estimated value, based on CIBC’s internal funding rate and models, is $9.667, 3.33% below the offering price.

Credit & liquidity: The notes are senior unsecured obligations of CIBC, subject to its credit risk, not FDIC- or CDIC-insured, and will not be listed on any exchange, resulting in limited secondary-market liquidity.